On March 8th, the SEC granted immediate effectiveness to the Fixed Income Clearing Corporation's proposed notification that the Mortgage Backed Securities Division is moving the time at which it runs its daily morning pass (also referred to as the "AM Pass") from 10:30 AM to 2:00 PM (EST). The proposal became effective upon filing. Comments should be submitted within 21 days after publication in the Federal Register, which is expected during the week of March 14. SEC Release No. 34-64053.